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SOCAR Decreases Novorossiysk Oil Shipment from January to October, as Compared to 2005

Oil&Gas Materials 9 November 2006 18:07 (UTC +04:00)

In October 2006 the State Oil Company of Azerbaijan (SOCAR) shipped 239,909 tons of oil against 78,640 tons in October 2005. Over the first 10 months the SOCAR has shipped 942,000 tons of oil against 1, 377ln in 2005, Trend reports.

In November SOCAR sold 1,204mln tons of oil from Novorossiysk. Two cargoes (584mln tons and 620mln tons) were purchased by Glencore Energy UK Ltd. The shipment was carried out on November 7-8 and November 18-19.

During 2005, SOCAR shipped 1.631mln ton of oil from Novorossiysk compared to 2.559mln ton in 2004.

From the early 2006 SOCAR old oil loads to the following companies in Novorossiysk:

January Glencore (85,000 ton);

February Taurus Petroleum (140,000 ton); Glencore (60,000 ton);

May - Glencore (60,000 ton);

June Glencore (60,000 ton);

July - Glencore (60,000 ton);

August - Glencore (131,000 ton); Select Energy (78,000 ton);

September - Reoc Ltd. (85,000 ton); Vitol (85,000 ton).

October - Sun Oil S.A. (160,000 tons);

October - REOC Ltd. (135,000 tons);

November - Glencore Energy UK Ltd (165,000 tons)

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